Ernst Russ (HXCK)

Business description

Ernst Russ (formerly HCI Group) is a listed asset and investment manager, with AUM of c €6.5bn, focused on shipping. The group was transformed in 2016 by the acquisitions of Ernst Russ Reederei and König & Cie, positioning it as a provider of a full range of services including technical and commercial ship management.

Stock data

Market cap.€42.7m
Last close€1.63
High / Low (52 weeks)€1.7 / €0.9
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *

* % Relative to local index

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Company news

Positive performance by Ernst Russ AG

Tue, 19 Sep 2017 08:03:45 GMT

Ernst Russ AG (HXCK.DE) Placed Under the Lens

Mon, 25 Sep 2017 21:22:30 GMT

HCI Capital Renamed Ernst Russ AG

Sat, 25 Jun 2016 12:22:30 GMT

Ernst Russ reveals new finance ventures

Thu, 17 Nov 2016 18:00:00 GMT

HCI Capital Acquires Ernst Russ GmbH

Sat, 23 Apr 2016 12:45:00 GMT

Latest research

Maritime investment solutions

Initiation | Financials | 28/06/2017


Ernst Russ

Maritime Investitionslösungen


Investment summary

In the past 18 months Ernst Russ (ERAG) (formerly HCI) has been transformed into an investment and asset manager focused on the maritime sector. The 2016 acquisitions of König & Cie, Ernst Russ Reederei and WestFonds have completed the group’s full service ship management offering and built scale in asset management and trustee services. The group’s ability to win new investment and asset management mandates across a range of asset classes should be significantly enhanced, offsetting the drag of legacy closed end (KG) fund run-off. A recovery in shipping markets would have a strong positive effect on the group’s consolidated earnings.

Last updated on 28/06/2017

Key management

Jens Mahnke, CEO
Ingo Kuhlmann, CFO

Company address

Burchardstrasse 8
View website